Fors Clavigera (Volume 5 of 8): Letters to the workmen and labourers of Great BritainRuskin, John
General
Fors Clavigera (Volume 5 of 8): Letters to the workmen and labourers of Great Britain
Ruskin, John
Aesthetics; Conduct of life; Great Britain -- Social conditions -- 19th century; Social problems; Working class -- Great Britain
The most simply measurable part of the store of food and clothing will
be the basis of the currency, which will be thus constituted.
The standard of value will be a given weight or measure of grain, wine,
wool, silk, flax, wood, and marble; all answered for by the government
as of fine and pure quality, variable only within narrow limits.
The grain will be either wheat, oats, barley, rice, or maize; the wine
of pure vintage, and not less than ten years old; [63] the wool, silk,
and flax of such standard as can be secured in constancy; the wood,
seasoned oak and pine; and for fuel in log and faggot, with finest wood
and marble for sculpture. The penny’s worth, florin’s worth, ducat’s
worth, and hundred ducats’ worth of each of these articles will be a
given weight or measure of them, (the penny roll of our present
breakfast table furnishing some notion of what, practically, the grain
standard will become.) Into the question of equivalent value I do not
enter here; it will be at once determined practically as soon as the
system is in work. Of these articles the government will always have in
its possession as much as may meet the entire demand of its currency in
circulation. That is to say, when it has a million in circulation, the
million’s worth of solid property must be in its storehouses: as much
more as it can gather, of course; but never less. So that, not only,
for his penny, florin, ducat, or hundred-ducat note, a man may always
be certain of having his pound, or ton, or pint, or cask, of the thing
he chooses to ask for, from the government storehouses, but if the
holders of the million of currency came in one day to ask for their
money’s worth, it would be found ready for them in one or other form of
those substantial articles. Consequently, the sum of the circulating
currency being known, the minimum quantity of store will be known. The
sum of the entire currency, in and out of circulation, will be given
annually on every note issued (no issues of currency being made but on
the first day of the year), and in each district, every morning the
quantities of the currency in and out of circulation in that district
will be placarded at the doors of the government district bank.
The metallic currency will be of absolutely pure gold and silver, and
of those metals only; the ducat and half-ducat in gold, the florin,
penny, halfpenny, and one-fifth of penny in silver; the smaller coins
being beat thin and pierced, the halfpenny with two, the one-fifth of
penny with five, apertures. [64] I believe this double-centime will be
as fine a divisor as I shall need. The florin will be worth tenpence;
the ducat, twenty florins.
Public-domain text, read in full here on John Shaqi.
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